Cannabis Tax Revenue Is Overwhelming Oregon's Tax Office
Oregon’s adult-use cannabis program is taking in so much tax money that it’s affecting day-to-day operations at the Oregon Liquor Control Commission’s Portland office. On Thursday, the OLCC announced adjustments to the payment process because they’ve been running into some issues with cannabis business owners paying their taxes in person.
Oregon officials estimate that they’ll take in around $43 million in tax revenue from recreational cannabis this year. The tax adult-use sales at dispensaries went into effect on January 4, 2016. More than $10.5 million in tax revenue came in during the first quarter of 2016.
Because many cannabis businesses have limited or no access to traditional banking services, they end up making their tax payments in cash. Doing that requires booking an appointment with the OLCC. And those are becoming harder to come by.
For example, appointment slots late in the month are
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